Why should electric utilities take a closer look at supply chain risk management?

Why should electric utilities take a closer look at supply chain risk management?

Three years ago, I managed the vendor evaluation process for a utility assessing wireless options for telecom connectivity to substations. The field was limited to two vendors and cybersecurity was an important topic we wanted to explore in more detail with each. One specific area we sought to understand was the process used to address any cybersecurity issues that might arise with the...

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The Human Side of Digital Transformation: Governance Modeling

The Human Side of Digital Transformation: Governance Modeling

Part 2: Governance Modeling: A Central Component for Digital Transformation One of our clients posed a very interesting question about six months ago. Paraphrasing, he stated, “…anybody can build a bot, but nobody is providing a solution to govern them.” Over the course of the past six months, we have found many companies struggling with this question; however, the following reoccurring themes...

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Assessing Smart Grid Cybersecurity Risk Management with NISTIR 7628

Energy and Utility organizations, driven by regulatory requirements and the desire to demonstrate a strong security posture, can turn to NIST Cybersecurity Framework and NISTIR 7628 for guidance. The National Institute of Standards and Technology Interagency Report 7628 (NISTIR 7628), Guidelines for Smart Grid Cybersecurity, is a three-volume report that presents a cybersecurity framework that...

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What is Risk Management and Why is it Important?

Risk Management is a combined and continuous process of decision analysis and proactive management. It identifies and quantifies opportunities and threats. There are four phases of Risk Management that every project manager should follow: Identify Risks – Review baseline cost, and assess baseline cost and schedule risks Analyze Risks – Assess and quantify risks as it relates to...

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